Asphalt Mixing Plants Market Scope
Asphalt plants, also called asphalt mixing plants or hot mix plants, are equipment that can combine aggregates and bitumen to produce asphalt mix for road paving. In some cases, mineral fillers and additives may be required to be added to the mixing process. Asphalt mix can be widely applied to the pavement of highways, municipal roads, parking lots, and airport expressways. Mixing plants can be categorized as batch mix plants or drum mix plants. Asphalt batch plants as plants that create hot mix asphalt in sets of batches. At the same time, drum mix plants produce hot mix asphalt continually, without stopping. They are ideally known as counterflow plants and drum mix plants.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | ASTES (India), AMMANN Group (Switzerland), Speed Crafts (India), 4B Construction Corporation (Philippines), Solmec Earthmovers Pvt.Ltd (India), Benninghoven (Germany), Nikko Company Ltd (Japan), Arky Construction (Netherlands), Atlas Industries (India) and MARINI S.p.A (United Kingdom) |
CAGR | 6.6% |
Asphalt Mixing Plants is fragmented market.Manufaturers have responded by introducing portable asphalt mixing facilities that are simple to relocate Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Asphalt Mixing Plants market throughout the predicted period.
ASTES (India), AMMANN Group (Switzerland), Speed Crafts (India), 4B Construction Corporation (Philippines), Solmec Earthmovers Pvt.Ltd (India), Benninghoven (Germany), Nikko Company Ltd (Japan), Arky Construction (Netherlands), Atlas Industries (India) and MARINI S.p.A (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are XCMG (China), Yima (United States), MARINI (India), Zoomlion (China), Southeast Construction Machinery (United States), Yalong (China), Lintec (Japan) and Luda (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Asphalt Mixing Plants market by Type , by Application (Road Construction, Parking Lots, Pedestrian Paths, Bridge and Others) and Region with country level break-up.
On the basis of geography, the market of Asphalt Mixing Plants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2023, Construction Partners, Inc. completed the acquisition of Three Hot-Mix Asphalt Plants in North and South Carolina from Reeves Construction Co., Inc. for USD18.3 million on November 1, 2023. The total amount of consideration for these transactions remain subject to post-closing adjustments with respect to inventory quantities and other matters.
In April 2018,Alltech Industries launched its Asphalt Batch Mix Plant, designed and developed by the OEM Alltech-Polita, an Indo-Turkish JV company that produces standard quality asphalt mix plants in the global market. The other products on display at Excon were stationary 80 TPH mobile plants, counter flow DM plants, and 240 TPH Batch Mix Plants
Influencing Trend:
Rising popularity of portable asphalt mixing plants and Availability of customized asphalt mixing plants
Market Growth Drivers:
Increasing asphalt production across the globe, Growing demand for high-quality asphalt and Advancements in asphalt mixing technologies
Challenges:
Toxic emissions during asphalt mixing process
Restraints:
Increased Population and High cost
Opportunities:
Growing demand for high-quality roads, highways, and sustainable construction
Key Target Audience
Manufacturing, Suppliers, Providers and Others